Saudi's Al Othaim family scraps IPO of malls business amid market rout
The family was considering seeking about $400-500m from the offering
Source: gulfnews.com
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Saudi Al Othaim family scraps IPO of malls amid market rout
Saudi Arabia’s Al Othaim family has called off its plans to sell shares of its malls business, in a rare instance of an initial public offering in the Middle
Source: gulf-times.com
Saudi retail giant Al Othaim expands to 312 stores in Q1: Argaam
RIYADH: Abdullah Al Othaim Markets Co. told Argaam that its total number of branches reached 312 in both Saudi Arabia and Egypt. The firm opened nine new branches in the first quarter of 2022, expanding its branch network by 7.31 percent. The Saudi Arabian retail network includes 268 stores, while the Egyptian network has 44 branches, generating 89.39 percent of sales. The
Source: arabnews.com
Saudi wholesaler Al Othaim reports $24m profit as Ramadan boosts sales in Q1
RIYADH: Saudi food wholesaler Abdullah Al Othaim Markets reported a 58 percent surge in profits in the first quarter, as food demand surged during the Ramadan season. Its profit rose to about SR91 million ($24 million) in the first quarter from SR57.68 million recorded in the same period last year. This was driven by higher sales which increased by 17.4 percent to SR2.46
Source: arabnews.com
Entertainment and Amusement Market Is Likely to Experience a Tremendous Growth in Near Future
Entertainment and Amusement Market Is Likely to Experience a Tremendous Growth in Near Future
Source: sandiegosun.com